35 year mortgages

Quarter of young homeowners opt for 35-year mortgages

3rd October 2023 Consumer Lending | #35 year mortgages

A quarter of young homeowners, aged 29 and under, have opted for repayment terms of at least 35 years to make their monthly mortgage payments more affordable, according to Experian. This is up from one in 10 in 2020, an increase of 150%. The increased cost of borrowing means that many people will be nearing retirement…

Borrowers on 35-year mortgages grows by 117%

25th July 2023 Consumer Lending | #35 year mortgages

New Freedom of Information (FOI) data from the FCA gathered by Quilter, the wealth manager and financial adviser has revealed that the number of people taking out mortgages with terms of 35 years or more hit a high of 88,059 in 2022 compared to just 40,471 in 2018, a 117% increase. The news comes after…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.

34707

35 year mortgages

Quarter of young homeowners opt for 35-year mortgages

Borrowers on 35-year mortgages grows by 117%

Login